Question: The demand for computer chips is a downward sloping straight line. If there is an increase in thesupply of computer chips, this change willA )

The demand for computer chips is a downward sloping straight line. If there is an increase in thesupply of computer chips, this change willA

)

)

)

)

increase the price elasticity of demand for computer chips.decrease the price elasticity of demand for computer chips.have no effect on the price elasticity of demand for computer chips.have an unpredictable effect on the price elasticity of demand for computer chips

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